Advanced Tires Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Advanced Tires Market covers analysis by Type (Airless Tires, Pneumatic Tires, Run-Flat Tires); Technology (Multi-Chamber Tires, Chip-Embedded Tires, Self-Inflating Tires, All-In-One Tires); Material (Steel, Elastomers, Rubber, Others) and Geography , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPAT00002713
  • Category : Automotive and Transportation
  • No. of Pages : 150
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Advanced Tires Market Key Players Analysis 2031

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MARKET INTRODUCTION

The advanced tires are likely to see massive demand in the coming years with the adoption of autonomous and connected cars. The technological disruptions in the automotive sector and the demand for high-end luxury vehicles are expected to transform the existing tire industry. Innovations in the tire industry are supported by the presence of major manufacturers in the developed markets of North America, such as Canada and China. The demand for advanced tires would experience a symbolic rise due to large-scale acceptance by the consumers in the future.

MARKET DYNAMICS

The advanced tires market is anticipated to flourish in the forecast period on account of the development of low-maintenance tires and improved focus on reducing carbon footprint. The integration of driver assistance and connected features in tires are further likely to propel the market growth. However, high initial investment costs may hamper the growth of the advanced tires market during the forecast period. On the other hand, growth of autonomous and semi-autonomous vehicles offers lucrative opportunities for the players operating in the advanced tires market in the future.

MARKET SCOPE

The "Global Advanced Tires Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of advanced tires market with detailed market segmentation by type, technology, material, and geography. The global advanced tires market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading advanced tires market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global advanced tires market is segmented on the basis of type, technology, and material. Based on type, the market is segmented as airless tires, pneumatic tires, and run-flat tires. On the basis of the technology, the market is segmented as multi-chamber tires, chip-embedded tires, self-inflating tires, and all-in-one tires. The market on the basis of the material is classified as steel, elastomers, rubber, and others.



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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global advanced tires market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The advanced tires market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting advanced tires market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the advanced tires market in these regions.

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global advanced tires market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The advanced tires market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting advanced tires market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the advanced tires market in these regions.

MARKET PLAYERS


The reports cover key developments in the advanced tires market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from advanced tires market are anticipated to lucrative growth opportunities in the future with the rising demand for advanced tires in the global market. Below mentioned is the list of few companies engaged in the advanced tires market.

The report also includes the profiles of key advanced tires companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

  • Bridgestone Corporation
  • CEAT Ltd.
  • Continental Reifen Deutschland GmbH
  • Hankook Tire & Technology Co.,Ltd.
  • Michelin
  • Nokian Tyres plc.
  • Pirelli & C. S.p.A.
  • The Goodyear Tire & Rubber Company
  • Toyo Tire Corporation
  • Yokohama Tire Corporation


The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Advanced Tires Market - By Type
1.3.2 Advanced Tires Market - By Technology
1.3.3 Advanced Tires Market - By Material
1.3.4 Advanced Tires Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. ADVANCED TIRES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. ADVANCED TIRES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC

6. ADVANCED TIRES MARKET - GLOBAL MARKET ANALYSIS
6.1. ADVANCED TIRES - GLOBAL MARKET OVERVIEW
6.2. ADVANCED TIRES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. ADVANCED TIRES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. AIRLESS TIRES
7.3.1. Overview
7.3.2. Airless Tires Market Forecast and Analysis
7.4. PNEUMATIC TIRES
7.4.1. Overview
7.4.2. Pneumatic Tires Market Forecast and Analysis
7.5. RUN-FLAT TIRES
7.5.1. Overview
7.5.2. Run-Flat Tires Market Forecast and Analysis
8. ADVANCED TIRES MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. MULTI-CHAMBER TIRES
8.3.1. Overview
8.3.2. Multi-Chamber Tires Market Forecast and Analysis
8.4. CHIP-EMBEDDED TIRES
8.4.1. Overview
8.4.2. Chip-Embedded Tires Market Forecast and Analysis
8.5. SELF-INFLATING TIRES
8.5.1. Overview
8.5.2. Self-Inflating Tires Market Forecast and Analysis
8.6. ALL-IN-ONE TIRES
8.6.1. Overview
8.6.2. All-In-One Tires Market Forecast and Analysis
9. ADVANCED TIRES MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
9.1. OVERVIEW
9.2. MATERIAL MARKET FORECASTS AND ANALYSIS
9.3. STEEL
9.3.1. Overview
9.3.2. Steel Market Forecast and Analysis
9.4. ELASTOMERS
9.4.1. Overview
9.4.2. Elastomers Market Forecast and Analysis
9.5. RUBBER
9.5.1. Overview
9.5.2. Rubber Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis

10. ADVANCED TIRES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Advanced Tires Market Overview
10.1.2 North America Advanced Tires Market Forecasts and Analysis
10.1.3 North America Advanced Tires Market Forecasts and Analysis - By Type
10.1.4 North America Advanced Tires Market Forecasts and Analysis - By Technology
10.1.5 North America Advanced Tires Market Forecasts and Analysis - By Material
10.1.6 North America Advanced Tires Market Forecasts and Analysis - By Countries
10.1.6.1 United States Advanced Tires Market
10.1.6.1.1 United States Advanced Tires Market by Type
10.1.6.1.2 United States Advanced Tires Market by Technology
10.1.6.1.3 United States Advanced Tires Market by Material
10.1.6.2 Canada Advanced Tires Market
10.1.6.2.1 Canada Advanced Tires Market by Type
10.1.6.2.2 Canada Advanced Tires Market by Technology
10.1.6.2.3 Canada Advanced Tires Market by Material
10.1.6.3 Mexico Advanced Tires Market
10.1.6.3.1 Mexico Advanced Tires Market by Type
10.1.6.3.2 Mexico Advanced Tires Market by Technology
10.1.6.3.3 Mexico Advanced Tires Market by Material
10.2. EUROPE
10.2.1 Europe Advanced Tires Market Overview
10.2.2 Europe Advanced Tires Market Forecasts and Analysis
10.2.3 Europe Advanced Tires Market Forecasts and Analysis - By Type
10.2.4 Europe Advanced Tires Market Forecasts and Analysis - By Technology
10.2.5 Europe Advanced Tires Market Forecasts and Analysis - By Material
10.2.6 Europe Advanced Tires Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Advanced Tires Market
10.2.6.1.1 Germany Advanced Tires Market by Type
10.2.6.1.2 Germany Advanced Tires Market by Technology
10.2.6.1.3 Germany Advanced Tires Market by Material
10.2.6.2 France Advanced Tires Market
10.2.6.2.1 France Advanced Tires Market by Type
10.2.6.2.2 France Advanced Tires Market by Technology
10.2.6.2.3 France Advanced Tires Market by Material
10.2.6.3 Italy Advanced Tires Market
10.2.6.3.1 Italy Advanced Tires Market by Type
10.2.6.3.2 Italy Advanced Tires Market by Technology
10.2.6.3.3 Italy Advanced Tires Market by Material
10.2.6.4 United Kingdom Advanced Tires Market
10.2.6.4.1 United Kingdom Advanced Tires Market by Type
10.2.6.4.2 United Kingdom Advanced Tires Market by Technology
10.2.6.4.3 United Kingdom Advanced Tires Market by Material
10.2.6.5 Russia Advanced Tires Market
10.2.6.5.1 Russia Advanced Tires Market by Type
10.2.6.5.2 Russia Advanced Tires Market by Technology
10.2.6.5.3 Russia Advanced Tires Market by Material
10.2.6.6 Rest of Europe Advanced Tires Market
10.2.6.6.1 Rest of Europe Advanced Tires Market by Type
10.2.6.6.2 Rest of Europe Advanced Tires Market by Technology
10.2.6.6.3 Rest of Europe Advanced Tires Market by Material
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Advanced Tires Market Overview
10.3.2 Asia-Pacific Advanced Tires Market Forecasts and Analysis
10.3.3 Asia-Pacific Advanced Tires Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Advanced Tires Market Forecasts and Analysis - By Technology
10.3.5 Asia-Pacific Advanced Tires Market Forecasts and Analysis - By Material
10.3.6 Asia-Pacific Advanced Tires Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Advanced Tires Market
10.3.6.1.1 Australia Advanced Tires Market by Type
10.3.6.1.2 Australia Advanced Tires Market by Technology
10.3.6.1.3 Australia Advanced Tires Market by Material
10.3.6.2 China Advanced Tires Market
10.3.6.2.1 China Advanced Tires Market by Type
10.3.6.2.2 China Advanced Tires Market by Technology
10.3.6.2.3 China Advanced Tires Market by Material
10.3.6.3 India Advanced Tires Market
10.3.6.3.1 India Advanced Tires Market by Type
10.3.6.3.2 India Advanced Tires Market by Technology
10.3.6.3.3 India Advanced Tires Market by Material
10.3.6.4 Japan Advanced Tires Market
10.3.6.4.1 Japan Advanced Tires Market by Type
10.3.6.4.2 Japan Advanced Tires Market by Technology
10.3.6.4.3 Japan Advanced Tires Market by Material
10.3.6.5 South Korea Advanced Tires Market
10.3.6.5.1 South Korea Advanced Tires Market by Type
10.3.6.5.2 South Korea Advanced Tires Market by Technology
10.3.6.5.3 South Korea Advanced Tires Market by Material
10.3.6.6 Rest of Asia-Pacific Advanced Tires Market
10.3.6.6.1 Rest of Asia-Pacific Advanced Tires Market by Type
10.3.6.6.2 Rest of Asia-Pacific Advanced Tires Market by Technology
10.3.6.6.3 Rest of Asia-Pacific Advanced Tires Market by Material
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Advanced Tires Market Overview
10.4.2 Middle East and Africa Advanced Tires Market Forecasts and Analysis
10.4.3 Middle East and Africa Advanced Tires Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Advanced Tires Market Forecasts and Analysis - By Technology
10.4.5 Middle East and Africa Advanced Tires Market Forecasts and Analysis - By Material
10.4.6 Middle East and Africa Advanced Tires Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Advanced Tires Market
10.4.6.1.1 South Africa Advanced Tires Market by Type
10.4.6.1.2 South Africa Advanced Tires Market by Technology
10.4.6.1.3 South Africa Advanced Tires Market by Material
10.4.6.2 Saudi Arabia Advanced Tires Market
10.4.6.2.1 Saudi Arabia Advanced Tires Market by Type
10.4.6.2.2 Saudi Arabia Advanced Tires Market by Technology
10.4.6.2.3 Saudi Arabia Advanced Tires Market by Material
10.4.6.3 U.A.E Advanced Tires Market
10.4.6.3.1 U.A.E Advanced Tires Market by Type
10.4.6.3.2 U.A.E Advanced Tires Market by Technology
10.4.6.3.3 U.A.E Advanced Tires Market by Material
10.4.6.4 Rest of Middle East and Africa Advanced Tires Market
10.4.6.4.1 Rest of Middle East and Africa Advanced Tires Market by Type
10.4.6.4.2 Rest of Middle East and Africa Advanced Tires Market by Technology
10.4.6.4.3 Rest of Middle East and Africa Advanced Tires Market by Material
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Advanced Tires Market Overview
10.5.2 South and Central America Advanced Tires Market Forecasts and Analysis
10.5.3 South and Central America Advanced Tires Market Forecasts and Analysis - By Type
10.5.4 South and Central America Advanced Tires Market Forecasts and Analysis - By Technology
10.5.5 South and Central America Advanced Tires Market Forecasts and Analysis - By Material
10.5.6 South and Central America Advanced Tires Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Advanced Tires Market
10.5.6.1.1 Brazil Advanced Tires Market by Type
10.5.6.1.2 Brazil Advanced Tires Market by Technology
10.5.6.1.3 Brazil Advanced Tires Market by Material
10.5.6.2 Argentina Advanced Tires Market
10.5.6.2.1 Argentina Advanced Tires Market by Type
10.5.6.2.2 Argentina Advanced Tires Market by Technology
10.5.6.2.3 Argentina Advanced Tires Market by Material
10.5.6.3 Rest of South and Central America Advanced Tires Market
10.5.6.3.1 Rest of South and Central America Advanced Tires Market by Type
10.5.6.3.2 Rest of South and Central America Advanced Tires Market by Technology
10.5.6.3.3 Rest of South and Central America Advanced Tires Market by Material

11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

12. ADVANCED TIRES MARKET, KEY COMPANY PROFILES
12.1. BRIDGESTONE CORPORATION
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. CEAT LTD.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. CONTINENTAL REIFEN DEUTSCHLAND GMBH
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. HANKOOK TIRE AND TECHNOLOGY CO., LTD.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. MICHELIN
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. NOKIAN TYRES PLC.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. PIRELLI AND C. S.P.A.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. THE GOODYEAR TIRE AND RUBBER COMPANY
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. TOYO TIRE CORPORATION
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. YOKOHAMA TIRE CORPORATION
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments

13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS

The List of Companies

1. Bridgestone Corporation
2. CEAT Ltd.
3. Continental Reifen Deutschland GmbH
4. Hankook Tire and Technology Co., Ltd.
5. Michelin
6. Nokian Tyres plc.
7. Pirelli and C. S.p.A.
8. The Goodyear Tire and Rubber Company
9. Toyo Tire Corporation
10. Yokohama Tire Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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